Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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Why It’s Still a Seller’s Market Today

Keeping Current Matters

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low.

Marketing 253
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‘Affordability’ is a dirty word in real estate. It’s time for that to change

Inman

Lack of affordable housing, rising home prices and soaring interest rates are making the dream of homeownership dangerously unachievable, writes broker, coach and consultant Zak Shellhammer.

Agents 180
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6 First Steps into the World of Real Estate Marketing

Realty Biz

Breaking into the real estate field as a marketing professional requires specific skills. But don't let that intimidate you. With perseverance, passion, and a little insider knowledge, it's not a Herculean task to plant your feet in this stimulating world. Today, we’ll uncover the first steps you should take to ensure your success when applying for real estate marketing jobs.

Marketing 106
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Anywhere Real Estate settles buyer broker commission lawsuits

Housing Wire

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.

MLS 421
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Mortgage Mix: Rates and Applications This Week

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Mortgage rates The 30-year fixed-rate mortgage (FRM) averaged 7.12% this week, down slightly from last week’s 7.18%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.

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6 Things Listing Agents Hate about Multiple Offers (And What You Can Do to Help Them as a Seller)

Lighter Side of Real Estate

You can imagine that buyers’ agents don’t love a good old-fashioned bidding war on a house their buyer wants. But you might be surprised to learn that even listing agents don’t love dealing with them either. Well, to be fair, it’s more of a love / hate kind of thing. They love generating multiple offers for their sellers to choose from, and ultimately getting them the highest price and best terms possible.

Agents 115

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Real Estate Investor Activity Drops To Pre-Pandemic Levels—Should You Jump Ship?

Bigger Pockets

Fewer purchases are being made by real estate investors this year, but that doesn't necessarily mean the sky is falling. Or does it?

Investor 120
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Dixon Puts Ornate Bed Stuy House With Luxe Reno on Market for $2.995 Million

Brownstoner

An elaborate row house and one-time wreck before it was restored and updated by Australian real estate investment firm Dixon is back on the market. Located at 259 Decatur Street in the Stuyvesant Heights Historic District, the pale stone Renaissance Revival house was built in 1895 and designed by noted… Read More > The post Dixon Puts Ornate Bed Stuy House With Luxe Reno on Market for $2.995 Million appeared first on Brownstoner.

Marketing 104
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Future of the Housing Market

BubbleInfo

An article published yesterday included some guesses about the future of the real estate market over the next five years.

Marketing 111
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Did we reach the peak for mortgage rates this year?

Housing Wire

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last we

Mortgages 458
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Anywhere reaches settlements in landmark commission lawsuits

Real Estate News

The company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.

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Get Ready for Smaller, More Affordable Homes

Keeping Current Matters

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?

Mortgages 296
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Lawyer’s letter offers glimpse into NAR’s internal harassment probe

Inman

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

MLS 206
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Housing market “stuck” as mortgage rates remain above 7%

Housing Wire

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.

Mortgages 448
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Most buyers weigh climate risk when home shopping

Real Estate News

A new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.

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Expert Home Price Forecasts Revised Up for 2023

Keeping Current Matters

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.

Marketing 263
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‘Insulting at minimum’: Realtors strike back as NAR holds the line

Inman

Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims.

MLS 200
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Report: Home envy is reshaping the American dream

Housing Wire

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

As-is 418
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Transformative changes are coming, says retiring MLS leader

Real Estate News

NWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.

MLS 302
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Mortgage Rates: Past, Present, and Possible Future

Keeping Current Matters

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.

Mortgages 275
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Anywhere settles bombshell Sitzer and Moehrl commission lawsuits

Inman

Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to "change its practices.

MLS 199
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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos.

Agents 412
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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It’s ‘game-on again’ for home search portals, says ex-Zillow CEO

Real Estate News

An ambitious challenge from Homes.com for consumer market share and agent dollars has reignited the portal competition, says former Zillow CEO Spencer Rascoff.

Agents 294
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Home Enhancements Owners Should Avoid Before Selling

RIS Media

When you are preparing to sell your home, there are many improvements you can make. While you’ll get many suggestions for things you can do to make your home easier to sell, people rarely suggest things you don’t need to fix. Fixing up your home can be costly, and you might not get the return… The post Home Enhancements Owners Should Avoid Before Selling appeared first on RISMedia.

Sales 137
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Hubzu operator Altisource to issue more stock to pay down debt

Inman

The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt.

Mortgages 184
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Industry reacts to the Anywhere settlement

Housing Wire

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Another sign of a market rebound? Home equity is back up

Real Estate News

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

Equity 300
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Revive Introduces New AI Tool

RIS Media

Revive has announced its new business tool, “Revive Vision AI,” a pre-sale home renovation solution. This “industry-first” smart tool analyzes property photos (uploaded by the agent) to assess a property’s current value and renovation potential. Revive’s renovation recommendation engine then provides an estimate backed by local contractors that maximize listing values.

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New York City’s strict short-term rental law goes into effect

Inman

New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, hosts must stay in the unit with their guests.

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Mortgage demand falls to lowest level since 1996

Housing Wire

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. For the week that ended Sept. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. “Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice pres

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.